About your Search

20121113
20121113
Search Results 0 to 2 of about 3 (some duplicates have been removed)
to know what their taxes are going to be. they need to know what the regulatory environment is going to be. they need to hhve an element of confidence before they're going to go out and start hiring again. right now, the large firms sector is under down, the small firm ector is down 15 at 20 feet tall waiting for some safety to come out again. so it is really incumbent upon washington to find the regulatory tax and fiscal landscape in a positive way. lou: of want to go through some of your outlook. you are saying that if we go over the cliff, tax hikes and spending cuts will translate into sequestration and the lapse of the bush tax cuts. the tax hikes would translate into a reduction in economic growth of 4%. that's automatic recession. >> absolutely. so the fiscal cliff is a contraction in the government impulse and the economy of 4-5% of gdp. i would say in the first order that will hit and reduce economic growth from 2 percent down to-1,-2 very easily. lou: and your outlook on employment, unemployment dropping -- dropping, in my dreams, rising from just under 8% to 9 and a half percen
sovereign nation. and the money doesn't go to clean it up. i know mr. waxman loves the environment, so do i. but this money doesn't go for that purpose. it can be used for anything. it's not for engine technology, it's not for restoration of the environment. and it doesn't stop emissions. so this bill does represent a bipartisan, bicameral compromise. but it gives us the authority to hold their feet to the fire and get a solution. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from west virginia. mr. lahood: mr. speaker, the gentleman i am going to yield to now may be departing the congress after this session. but we will still value his professionalism, his expertise and certainly his friendship for the very near and distant future. i'm happy to yield five minutes to the gentleman from illinois, the once chairman and now ranking member of our aviation subcommittee on transportation. the speaker pro tempore: the gentleman is recognized for five minutes. >> i thank the gentleman, the running backing member, for yieldin
Search Results 0 to 2 of about 3 (some duplicates have been removed)